Shanghai Electric rose 2% but disputes over offshore contracts are terminated

Shanghai Electric, an earlier decision to terminate the sale of solar power, has fallen after a concussion this morning, and shares are still up 1.79% to HK $3.97 and trading 19.24 million shares; the Shanghai electrical A shares (601727-CN) are also up 1.51% to 11.46 yuan. According to the Shanghai First financial report, after a problem with the Shanghai Electric Power Plant Project in India and Vietnam, a company in Indonesia is also planning to terminate a power plant contract with the Shanghai Electric Power Plant, a subsidiary of Shanghai Electric, to replace a 100 million-dollar coal-fired power plant, as the international oil price has fallen sharply from last year　　The report quoted Shanghai Electric saying that the two sides are still negotiating a settlement, but do not rule out the possibility of Shanghai electric to prosecute. Data show that Shanghai Electric's offshore income is rising.　　Last year, foreign revenue accounted for 17.76% of Shanghai's total electric income, 8.89 billion yuan, 2007 years ago, a big increase of 92.5%.　　The report also quoted an insider in Shanghai as saying that it was not uncommon for offshore projects to be suspended by owners, after a handful of overseas projects focused on postponing or altering some of the contract terms. And rumors of a problem with Shanghai Electric's power plant projects in India and Vietnam, according to a number of people in Shanghai Electric said that the company's total investment of 1 billion U.S. dollars in the Guangning Thermal power plant in Vietnam, the first phase of the project has been connected to power generation, two operation is also normal;　　But it's progressing well. Company information shows that Shanghai Electric Power plant Company is China's domestic power plant equipment manufacturing industry, one of the largest and most powerful industry group, since 2002, thermal power generation equipment production, sales and order number to maintain the world's first. At present, the power station company mainly produces steam turbines, generators, utility boilers, power station auxiliaries and other products, and contracted power plant projects at home and abroad.